Consumers from Thailand can now make instant cross-border QR code-based payments for goods and services to merchants in Malaysia from their mobile payments app using a service being launched by the Bank of Thailand and Bank Negara Malaysia... More
ecommerce
Antelop launches One Digital Card SDK for banks and card issuing processors
PARTNER NEWS: Antelop Solutions has introduced a new solution that makes it possible for banks and card issuing processors to use a single software development kit to add all the very latest digital card features to their mobile banking apps... More
UK merchants get extra six months to implement strong customer authentication
The UK’s Financial Conduct Authority (FCA) has extended the deadline for the implementation of strong customer authentication (SCA) for online purchases by a further six months... More
Most UK retailers say strong customer authentication is not a key concern for post-pandemic recovery
Only one in six (12.8%) UK merchants rates the introduction of strong customer authentication (SCA) for online payments as a big business concern as the economy recovers from the Covid-19 pandemic, according to a survey published by Signifyd... More
Singapore university to pilot virtual commercial payment card
Staff at the Singapore University of Social Science (SUSS) are to trial a virtual commercial payment card that will enable them to make corporate purchases including software licences, subscriptions and travel passes without needing to use their personal credit or debit cards and then claim reimbursement... More
Visa switches on Apple Pay support in Japan
Consumers in Japan can now add their Visa credit or debit cards to Apple Pay and use them to make in-store, in-app and online payments from their iPhone or Apple Watch... More
More than 90% of consumers worldwide will consider using digital payments in the next year, Mastercard predicts
More than nine in 10 consumers (93%) will consider using digital payment methods including contactless, QR code and biometric payments as well as cryptocurrency transactions in the next year, according to a Mastercard survey... More
Emirates NBD rewards customers for adopting contactless payments
Customers of Emirates NBD bank in the United Arab Emirates can now earn entries to a prize draw for luxury items whenever they make a contactless payment with their credit or debit card, mobile wallet or payments-enabled wearable device... More
Visa reports 1bn extra contactless transactions in Europe since payment limit rises
Visa has processed 1bn additional PIN-less, touch-free payments since 29 countries across Europe increased contactless transaction limits in response to the Covid-19 pandemic last year, the card network reports... More
EU approves plans for instant cross-border payments
The European Council has endorsed plans to introduce a fully integrated retail payment system that will enable instant cross-border payments and financial transfers throughout the European Union... More
Forecast: OEM Pays to drive more than 180% growth in global tokenization revenue by 2025
Total global revenue from tokenization provisioning and management for mobile payments will exceed US$53bn in 2025, an increase of more than 180% from US$18bn in 2020, according to a forecast by Juniper Research... More
Mobile wallet transaction volumes overtake cash payments in stores
Contactless in-store payments made with a mobile wallet worldwide exceeded in-store cash payments for the first time during 2020, new research reveals... More
Chinese consumers now make three mobile payments every day
Chinese consumers made an average of three mobile payments a day during 2020, while 98% of the Chinese population consider mobile payments to be their most frequently used transaction method, an increase of five percentage points on last year, a new survey reveals... More
Barclays adds digital receipts to mobile app
Barclays bank account holders in the UK can now automatically receive an itemised digital receipt in their banking app every time they use their debit card to make an in-store or online purchase from a retailer or food outlet that has signed up to support the service... More
UK government to issue parents with digital free school meal cards
UK parents whose children are eligible for free school meals will be able to receive digital vouchers they can use on their smartphone or tablet to buy food at participating retail outlets while schools remain closed during the country’s second lockdown, the UK government has announced... More
Antelop lets banks securely display customers’ digital cards on their mobile phones
PARTNER NEWS: Antelop Solutions has launched a Secure Interface solution that enables banks to provide their customers with the ability to securely display sensitive digital card information on their mobile phones... More
UN reports on impact of Covid-19 on ecommerce payments in developing countries
Ecommerce businesses in 23 of the world’s poorer nations have seen “a notable increase” in digital payments as a result of the Covid-19 pandemic, according to a report by the United Nations Conference on Trade and Development (UNCTAD)... More
Digital greeting cards giant Evite adds contactless gifting
Senders of Evite digital greeting cards can now also send the recipient a gift card, via an integration with Blackhawk Network‘s eGift service... More
US credit union pilots dynamic CVV codes on mobile devices
Members of Michigan State University Federal Credit Union (MSUFCU) in the USA are to take part in a three-month pilot scheme to test the use of dynamic CVV codes when making online or in-app purchases with their credit card... More
JCB reports 30% rise in contactless payments volumes
The number of contactless transactions made by some 140 million JCB cardholders across 24 markets increased by more than 30% between July 2019 and July this year, the Tokyo-based payments network reports in a new white paper... More